This property looks like a bad Mid-Term investment with a projected -26.65% first-year return on $444k initial cash invested.
-26.65%
Cash On Cash
0.89%
Cap Rate
0.13
DSCR
$6,170
Rent
-$9,857
Cashflow
Cash Flow
$6,170 income − $16,027 expenses = $9,857 out of pocket
Investment Breakdown
|
Purchase Price
$2028k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$444k
Downpayment
20%
$406k
Closing costs
1%
$20,278
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$6,170
Total Expenses
$16,027
Mortgage P&I
180%
$11,106
Property Taxes
30%
$1,863
Home Insurance
12%
$752
HOA
3%
$208
Property Management
12%
$740
CapEx
4%
$247
Vacancy
3%
$185
Maintenance
4%
$247
Other
11%
$679